This course is directed both to majors and non-majors of Actuarial Science. The course is designed as a survey of the professional field of actuarial science, as certified by the Society of Actuaries and the Casualty Actuarial Society. The role of actuarials in the financial evaluation of risk in strategic management decision-making is emphasized. Introduction to the roles of linear algebra, statistics and probability, risk theory, and actuarial mathematics to topics of pricing, loss reserving, and insurance accounting are included. Field experiences, guest lecturers, and computer assignments are part of the learning experiences required for the course. 3 credits
Prerequisite: MATH2070 or concurrent3 Credits

Actuarial Seminar I is a capstone seminar on topics from calculus, mathematical statistics, and insurance and risk management. It challenges the students preparation for the Course 1 examination of the Society of Actuaries. Based on a sound foundation in Calculus 1 through III and mathematical statistics, the theory will be applied to problem solving, using classification and other approaches.
Prerequisites: CSCM1030 (COSK2220) or CSHR1030 (COSK2225) and STAT31403 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI3000

This course satisfies part of the Communication Skills graduation requirement.

Communication Skills Section.

ASCI3100 - Theory Of Interest
Spring 2018

This course helps the student to become familiar with the basic mathematical principles underlying the mathematics of finance. Mathematical fundamentals of interest, certain annuities, yield rates, bonds, mortgages and other loans, depreciation, duration, and immunization are presented. Software proficiency in word processing is required.
Prerequisite: MATH2070 or permission of departmental head.3 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI3100

This course provides a systematic development of the mathematical models most frequently used in the study of corporate finance. The course builds on the valuation methods for cash flows developed in Theory of Interest and applies these methods to problems in corporate finance and investment theory. Models studied include dividend growth, the capital asset pricing model, protfolio theory, Modigliani-Miller theory, and Black-Scholes option valuation.
Prerequisite: ASCI31003 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI3150

This course provides training in the theory of interest, finance, and economics as well as other material pertinent to the actuarial exam Course 2, jointly administered by the SOA and the CAS. The course is structured to allow students to engage in directed self-study in preparation for the exam. Class time will be used for discussion, analysis, bench-marking of progress, and as a general clearing-house for guidance on specific problems. A detailed "deconstruction" of the previous Course 2 exams will provide the central, organizing theme for the course of study.
3 credits.
Prerequisite: ASCI3100 and COSK2220 or COSK22253 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4000

This course satisfies part of the Communication Skills graduation requirement.

Communication Skills Section.

ASCI4100 - Life Contingencies I
Spring 2018

This course helps the student to become familiar with the basic mathematical principles underlying contingent financial arrangements, emphasizing situation in which mortality is the contingent event and the instrument is life insurance. Mathematical fundamentals of survival distributions, life insurance, life annuities, net premiums, and net premium reserves are presented. Software proficiency in word processing is required.
Prerequisites: ASCI3100, STAT3150, MATH2170 and COSK2220 or COSK2225 or permission of departmental head.
3 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4100

Prerequisites: ASCI3100, STAT3150, MATH2170 and COSK2220 or COSK2225 or permission of departmental head.

This course satisfies part of the Communication Skills graduation requirement.

Communication Skills Section.

ASCI4110 - Life Contingencies II
Spring 2018

This course helps the student become familiar with the basic mathematical principles underlying various advanced contingent insurance arrangements. Concepts considered include multiple life functions, multiple decrement models, valuation theory for pension plans, and insurance models including expenses, non-forfeiture benefits and dividends. Software proficiency in word processing is required.
Prerequisite: ASCI4100 or permission of department head.3 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4110

No Courses Found

ASCI4140 - Actuarial Data Analysis
Spring 2018

This course is designed to give students specific exposure to developing actuarial models and analyzing the types of data that are relevant to various areas of actuarial science, including life insurance, health insurance, property/casualty insurance (general insurance) and pensions Students will do this through a variety of projects using a combination of statistical and financial methods with a focus on the manipulation and analysis of the types of data commonly encountered by actuaries in practice.
Prerequisites: ASCI2010, INFS1020 and STAT31403 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4140

This course aims at providing students with a working knowledge of basic stochastic calculus and related mathematical techniques for valuating equity-linked insurance products. The course will cover a large portion of stochastic calculus theory and demonstrates its applications. The course is also intended for improving the problem-solvig skills of actuarial science majors, preparing them for the MFE examination of the Society of Actuaries.
Prerequisites: FINA4260 and STAT31503 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4150

No Courses Found

ASCI4200 - Statistical Modeling I
Spring 2018

This course is the first of a three course sequence in applied statistics. Topics include the basic statistical sampling distributions (normal, gamma, student-t, chi-squared and F), point and interval estimation of parameters, hypothesis testing, single variable and multivariate linear regression, autoregressive and moving-average (ARIMA) time series, and related statistical testing. This course is designed to satisfy the VEE (verification by educational experience) requirement of the Society of Actuaries in Applied Statistical Methods.
PREREQUISITES: STAT 3140 and STAT 3150 or permission of the instructor
3 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4200

This is the second of a two course sequence in statistical modeling that covers widely applicable (both actuarial and non-actuarial) methods in probability and statistics. These courses are designed to lay the mathematical foundations for students preparing for advances professional actuarial exams. They also serve to provide an introduction to mathematical modeling techniques useful for a wider audience of quantitatively oriented students in business and finance, and science and engineering. Topics in AS411 include the evaluation of data for estimation and goodness-of-fit to models, simple and multiple regression models, time series, forecasting and data credibility models.
Prerequisites: STAT3140 & STAT31503 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4210

This course is a survey of topics in pension and health as they relate to the practice of actuarial science as certified by the Society of Actuaries. Detailed presentation of actuarial calculations associated with legal requirements and liability issues of pension and health care benefit models and the characteristics of pension legal theory are contained in the course. Case studies and guest lecturers are part of the learning experiences required for the course.
Prerequisite: STAT31403 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4215

This course is the third of a three course sequence in applied statistics. Topics include empirical credibility, interpolation and smoothing, and simulation. The course is designed for students preparing to sit for the SOA/CAS Exam C/4.
Prerequisite: ASCI4210 or persmission of the instructor3 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4220

This course is a survey of topics in life insurance and property and casualty insurance as they relate to the practice of actuarial science as certified by the Society of Actuaries and Casualty Actuarial Society. Detailed actuarial mathematics is appllied to evaluate the risk of various types of life and property/casual insurance.
Prerequisite: STAT31403 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4225

This course is intended for advanced undergraduate students. This Advanced Topics in Actuarial Science course is designed for actuarial majors who wish to learn advanced actuarial topics. Course content may vary from term to term. This course is offered as an elective.
Prerequisites: ASCI3100 and STAT31403 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4300

No Courses Found

ASCI4310 - Actuarial Pract Life Insurance
Spring 2018

This course is designed to give actuarial science students a general understanding of the life insurance industry, and the various roles of actuaries within life insurance companies. The course includes both technical topics (profit testing, Monte Carlo simulation, pricing of embedded options) as well as non-technical topics (organization of life insurance companies, taxation and regulation of life insurance companies). Though much of the material in the course applies generally to life insurance companies, this course will focus mostly on the insurance industry in the United States. This course builds on the material covered in ASCI4100 Life Contingencies I and ASCI4110 Life Contingencies II.
Prerequisite: ASCI41103 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4310

No Courses Found

ASCI4909 - Internship/Co-Op
Spring 2018

Permission of Department Head needed.
9 Credits

Schedule Book for All Active and Available Future Terms, Course starting with ASCI4909